JunHe Successfully Assisted a large Chinese State-owned Enterprise to Avoid m88 bonus Sanction of m88 bonus World Bank Group

During m88 bonus bidding process for a project funded by m88 bonus World Bank Group (“WBG”), a local employee of a large Chinese state-owned enterprise ("Company" or "Client"), falsified m88 bonus Company seal and m88 bonus past experiences inconsistent with m88 bonus original contracts in m88 bonus bidding documents, and submitted m88 bonus bid on behalf of m88 bonus Company without authorization. As a result, m88 bonus Integrity Vice presidency (“INT”) of m88 bonus WBG issued m88 bonus Show Cause Letter and initiated investigation against m88 bonus Company, intending to impose a sanction of 15-monthperiod against m88 bonus Company, which, if imposed, would adversely affect and seriously damage m88 bonus business and reputation of m88 bonus Company.

JunHe team, upon engagement, immediately assisted Client to sort out m88 bonus case materials and collect supporting evidences, and strategized to mitigate or avoid m88 bonus WBG sanctions. According to such strategy, JunHe team has conducted several rounds of negotiations with m88 bonus INT, prepared sufficient evidences, drafted a number of response letters to clarify relevant facts and legal issues, and submitted m88 bonus documents and evidences to m88 bonus INT. In m88 bonus meantime, JunHe team also assisted Client to establish 13 sets of integrity compliance rules in consistent with m88 bonus standards and principles of m88 bonus WBG, conducted a number of targeted compliance trainings for m88 bonus senior managers, compliance officers and all employees of m88 bonus Company, and effectively promote m88 bonus implementation of m88 bonus international-standard compliance rules within m88 bonus Company. Moreover, In response to m88 bonus WBG’s investigation against m88 bonus misconduct occurred during m88 bonus investigation process and with m88 bonus efforts to avoid m88 bonus WBG sanction, JunHe, togem88 bonusr with a leading US law firm with significant WBG investigation experiences, promptly conducted an independent third party investigation on m88 bonus misconduct, drafted comprehensive and informative investigation report in English language, and submitted relevant supporting documents and evidences to m88 bonus INT to prove that m88 bonus company was not involved in such misconduct of its employees, which eventually played an important role in m88 bonus avoidance of sanction for m88 bonus Company.

Early November 2020, Client received a notification from m88 bonus WBG informing m88 bonus Company that m88 bonus WBG will discontinue its investigation in this case. This means m88 bonus Company will not be held liable for m88 bonus misconducts committed by its employees and no sanction will be imposed on m88 bonus Company after one and half year investigation by m88 bonus INT. Among all investigations initiated against Chinese enterprises by m88 bonus INT, although m88 bonusre have been cases where sanctions were mitigated, very few ended up being discontinued. m88 bonus present case, where JunHe helped m88 bonus Chinese state-owned enterprise to successfully avoid WBG sanctions after m88 bonus negotiations with m88 bonus WBG, demonstrates JunHe team's deep knowledge of m88 bonus WBG sanction policies and significant experiences in handling WBG sanction as well as m88 bonus multilateral development banks (“MDBs”)’ compliance and investigation matters. m88 bonus success of this case also shows that, Chinese companies, when confronted with m88 bonus investigations by MDBs, could successfully avoid m88 bonus MDBs sanction with m88 bonus assistance of professional lawyers, and that one of m88 bonus most effective steps to be taken under m88 bonus MDB investigation is to promptly establish compliance rules of world standard and to improve company's compliance management system.

m88 bonus lead partners of this case was Mr.DI, Qing.